Share Help (selling)

bowlhead99

6022tivo wrote: »

Interesting, no free sites at all show it?

It's the PTM levy I'm seeing for selling over £10k

No free sites give you the live order book (level 2). Your broker may offer it (for a fee, or if you are doing a certain number of trades a week/month).

It strikes me as a little counterproductive to avoid the PTM levy by splitting a large amount into three chunks of under £10k each, as the PTM levy is only £1 per buy or sell transaction whereas the fee for doing three sales instead of one sale will usually be considerably more than £1 extra because brokers don't usually place trades for you for less than a pound. (Example, you said it's £6 a trade with your broker, so £12 for doing two additional trades).

6022tivo

bowlhead99 wrote: »

No free sites give you the live order book (level 2). Your broker may offer it (for a fee, or if you are doing a certain number of trades a week/month).

It strikes me as a little counterproductive to avoid the PTM levy by splitting a large amount into three chunks of under £10k each, as the PTM levy is only £1 per buy or sell transaction whereas the fee for doing three sales instead of one sale will usually be considerably more than £1 extra because brokers don't usually place trades for you for less than a pound. (Example, you said it's £6 a trade with your broker, so £12 for doing two additional trades).

I get offered a lower price the more I try to sell (if that makes sense)

If I do a chunk today, chunk tomorrow and a chunk next week, the offered price recovers between my trades.
It is something to do with small trading of the stock I am trying to sell? Mentioned further up.


In your example, 2 x £9k trades costs me £6 x 2 = £12
1 x £18k trade costs me £6+£1 = £7

But the difference in the offered price is much much more than the £5 fees I'd lose.

Robert_McGeddon

What did the shares cost? Have you a CGT issue?

6022tivo

Robert_McGeddon wrote: »

What did the shares cost? Have you a CGT issue?

As I understand it (Below) I don't have a CGT Issue.

Cost £18k
Current Value is 75p & 31,746 shares = £23810 = £5810 gain.

george4064

Do you hold the shares electronically with a platform? If not, where/in which format do you hold them?

6022tivo

Took a while (get cert, crest them over) but yes, they are in my X O account.

george4064

6022tivo wrote: »

Took a while (get cert, crest them over) but yes, they are in my X O account.

Phone up XO's dealing department and ask them what Level 2 looks like on the bid side for your shares. This will give you a good idea on what the market looks like.

Thrugelmir

6022tivo wrote: »

I get offered a lower price the more I try to sell (if that makes sense)

That's the nature of equity markets. A small company is only going to have a limited number of market makers trading the shares. They'll need to trade the shares on.

cloud_dog

6022tivo wrote: »

I get offered a lower price the more I try to sell (if that makes sense)

If I do a chunk today, chunk tomorrow and a chunk next week, the offered price recovers between my trades.
It is something to do with small trading of the stock I am trying to sell? Mentioned further up.

Without knowing the stock it is difficult to provide any sort of refined understanding but, you have an asset which has a value but, it only has a value based on what someone is willing to pay you for it. In order to facilitate an orderly market there is (usually) an intermediary between the buyer and the seller; the Market Maker. Their role is to facilitate the movement of shares between seller and buyer. In today's world the concept of a market maker has been bypassed by automation but the concept is the same.

There are a number of reasons why a MM / platform may offer you a SP with a greater reduction that the currently offered price, liquidity is one. MMs will take shares but they make money by processing transactions not (as many believe) by buying low and selling high etc. They do not really want to hold shares on their books any longer than they have to. If the stock in question has low daily trading volumes then that can be one reason, if you are in a holiday period (for example Christmas time) there may be a lack of traders willing to help make the market and therefore in order for the MMs to reduce their exposure (risk) they will offer you less for your shares so as to allow them flexibility in moving the shares on.

The above is a very quick and fairly simplistic explanation of the process.

6022tivo

cloud_dog wrote: »

Without knowing the stock it is difficult to provide any sort of refined understanding but, you have an asset which has a value but, it only has a value based on what someone is willing to pay you for it. In order to facilitate an orderly market there is (usually) an intermediary between the buyer and the seller; the Market Maker. Their role is to facilitate the movement of shares between seller and buyer. In today's world the concept of a market maker has been bypassed by automation but the concept is the same.

There are a number of reasons why a MM / platform may offer you a SP with a greater reduction that the currently offered price, liquidity is one. MMs will take shares but they make money by processing transactions not (as many believe) by buying low and selling high etc. They do not really want to hold shares on their books any longer than they have to. If the stock in question has low daily trading volumes then that can be one reason, if you are in a holiday period (for example Christmas time) there may be a lack of traders willing to help make the market and therefore in order for the MMs to reduce their exposure (risk) they will offer you less for your shares so as to allow them flexibility in moving the shares on.

The above is a very quick and fairly simplistic explanation of the process.

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB0006710643GBGBXAMSM.html

I'm kinda understanding it all a little now, hence the spread. 70-76p which is large because of the illiquid/ volumes traded.


Although I don't understand this trade.

09:22:51 28-Dec-2018 76.00 GBX 18 13.68 Automatic Trade ALGO AIMX

18 shares? £13.68 Like why bother, fees would not cover this?